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Bitcoin price complies with the law of supply and demand. Bitcoin supply is sometimes compared to gold, as there are a limited number of Bitcoins (the same as the quantity of gold) that can be mined – 21 million, to be exact. The demand side here works the same as with any other asset: the more investors are willing to enter the Bitcoin market, the higher the price of Bitcoin.

Media is the most important weapon and source of influence on the price of Bitcoin and other cryptocurrencies. Greater awareness boosts people’s understanding and drives investors’ interest. With information spreading like wildfire, the BTC price can be significantly hit by the mass effect of an important news piece. Always keep abreast of the latest Bitcoin news to catch the best trading opportunities.

Political events can also drive the Bitcoin price in either direction. Generally, BTC price changes are opposite to what happens with fiat currencies. The instability of official currencies makes people more interested in alternatives such as Bitcoin and altcoins. By maintaining a leading position in the cryptocurrency market, Bitcoin is becoming an increasingly popular choice among investors.

Bitcoin and cryptocurrencies are still considered new concepts, which are difficult for governments to adopt. Many countries are still changing their cryptocurrency regulations on a regular basis. Although Bitcoin is independent and decentralised, government decisions, such as the closure of crypto trading platforms or the adoption of crypto at the state level, can have a direct effect on the price of Bitcoin and on cryptocurrency investors.

Bitcoin price instability may also be affected by the Bitcoin community in its effort to reach a consensus regarding the cryptocurrency's future development. These decisions influence the Bitcoin blockchain and the entire Bitcoin ecosystem. A lack of consensus may lead to a hard fork, which is a separation of Bitcoin into two different blocks, each following its own set of rules. This is how Bitcoin Cash was created.

When we talk about new Bitcoins we usually say that they are “mined”. New Bitcoins enter circulation as block rewards, produced by “miners” who use expensive electronic equipment to earn or “mine” them. What does that mean?

‘Mining’ is a decentralised and competitive process that involves individuals who process blockchain transactions, secure the network and collect new bitcoins as a reward. Bitcoin protocol is developed in such a way that new bitcoins are developed at a fixed rate, which makes mining a highly competitive business. Bitcoin mining does not involve any central governing body.

Over time, the production of new bitcoins slows down at a set rate. The number of newly created bitcoins is automatically halved about every four years until 21 million bitcoins are mined.

Bitcoin halving occurs when every 210,000 blocks – the total number of bitcoins that miners can get as a reward is divided by two. This means that the reward for mining new blocks is reduced, and miners will receive 50% less for verifying Bitcoin transactions. This occurs approximately every four years.

Halving is not only important for miners, but also for traders and investors. Halving reduces the number of bitcoins mined, dividing the supply of new BTC by two. This could potentially lead to an increase in the price of Bitcoin if demand remains high enough.

This has already occurred during the previous three halvings. Each of them led to higher bitcoin prices. However, each halving is unique, and investors should keep a close eye on crypto market news and analysts' price predictions so as not to miss the best bitcoin trading opportunities with Currency.com.

The first thing to remember is that the crypto market, including Bitcoin, is extremely volatile. Since its inception in 2009, Bitcoin has experienced wild price swings, bringing some investors huge profits and doling out massive losses to others.

The popularity of Bitcoin trades is constantly growing, providing immense opportunities for traders. It has become a strong alternative to traditional Forex markets and has consolidated its position as the world's most valuable cryptocurrency.

Traders can always profit from Bitcoin price swings with us. You can either trade short or long, depending on the BTC price dynamic, and benefit from the price difference. Follow the latest crypto market news and analyse the live Bitcoin chart at Currency.com to spot the best BTC trading opportunities.

Crypto and fiat currencies have two main features in common: they both enable payments and both are used as a store of value. Crypto and fiat currencies have two main features in common: they both enable payments and both are used as a store of value.

Bitcoin has become a new form of trust for the future financial system. The most revolutionary aspect of cryptocurrency is that it can be spent or received by anyone, anywhere, and at any time without the involvement of any bank or government authority.

While the world's currencies are subject to inflation and central banks can print more of them if necessary, bitcoins are limited to 21 million units, making them an even rarer and more valuable asset than gold.